Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,641,173

• 1e · Government grants (contributions)

  $10,097,899

• 1f · All other contributions, gifts and grants

  $425,408

• 2a · Program service revenue: Hospital Patient Service Revenue

  total $34,658,891 · related or exempt $34,658,891

• 2b · Program service revenue: Clinic Service Revenue

  total $6,867,986 · related or exempt $6,867,986

• 2c · Program service revenue: Nursing Home Service Revenue

  total $5,393,619 · related or exempt $5,393,619

• 2d · Program service revenue: 340B Pharmacy Revenue

  total $3,258,395 · related or exempt $3,258,395

• 2e · Program service revenue: Assisted Living Rental

  total $455,901 · related or exempt $455,901

• 2f · All other program service revenue

  total $1,189,430 · related or exempt $715,232 · unrelated business $474,198

• 3 · Investment income

  total $329,961 · excluded $329,961

• 6a · Gross rents

  real property $534,687

• 6b · Less rental expenses

  real property $859,584

• 6c · Rental income or loss

  real property -$324,897

• 6d · Net rental income or loss

  total -$324,897 · unrelated business -$6,672 · excluded -$318,225

• 7a · Gross sales of assets other than inventory

  other assets $60,027

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $60,027

• 7d · Net gain or loss

  total $60,027 · excluded $60,027

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,303,011 · program services $114,701 · management and general $1,188,310

• 6 · Compensation of disqualified persons

  total $300,521 · management and general $300,521

• 7 · Other salaries and wages

  total $19,995,348 · program services $17,901,876 · management and general $2,093,472

• 8 · Pension plan contributions

  total $691,805 · program services $646,647 · management and general $45,158

• 9 · Other employee benefits

  total $2,096,345 · program services $1,546,183 · management and general $550,162

• 10 · Payroll taxes

  total $1,388,841 · program services $1,155,018 · management and general $233,823

• 11b · Fees: legal

  total $78,766 · management and general $78,766

• 11c · Fees: accounting

  total $94,849 · management and general $94,849

• 11g · Fees: other

  total $17,281,075 · program services $14,009,041 · management and general $3,272,034

• 12 · Advertising and promotion

  total $234,736 · program services $38,408 · management and general $196,328

• 13 · Office expenses

  total $668,617 · program services $449,482 · management and general $219,135

• 14 · Information technology

  total $503,199 · management and general $503,199

• 16 · Occupancy

  total $629,581 · program services $554,679 · management and general $74,902

• 17 · Travel

  total $531,530 · program services $470,355 · management and general $61,175

• 19 · Conferences, conventions and meetings

  total $171,497 · program services $125,449 · management and general $46,048

• 20 · Interest

  total $1,406,440 · program services $1,192,098 · management and general $214,342

• 22 · Depreciation, depletion and amortization

  total $5,700,821 · program services $4,793,395 · management and general $907,426

• 23 · Insurance

  total $414,506 · program services $139,918 · management and general $274,588

• 24a · Other expenses: Medical Supplies

  total $1,972,093 · program services $1,972,093

• 24b · Other expenses: Pharmaceuticals

  total $996,466 · program services $996,466

• 24c · Other expenses: Food Service Supplies

  total $531,572 · program services $529,584 · management and general $1,988

• 24d · Other expenses: Repairs and Maintenance

  total $510,687 · program services $484,592 · management and general $26,095

• 24e · All other expenses

  total $530,860 · program services $205,001 · management and general $325,859

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,807,834 · end of year $3,024,500

• 3 · Pledges and grants receivable

  beginning of year $5,324,223 · end of year $3,992,323

• 4 · Accounts receivable

  beginning of year $7,655,818 · end of year $9,237,755

• 8 · Inventories for sale or use

  beginning of year $1,037,389 · end of year $1,584,540

• 9 · Prepaid expenses and deferred charges

  beginning of year $618,785 · end of year $485,653

• 10a · Land, buildings and equipment: cost or other basis

  $115,911,058

• 10b · Land, buildings and equipment: accumulated depreciation

  $46,356,127

• 10c · Land, buildings and equipment, net

  beginning of year $71,205,401 · end of year $69,554,931

• 11 · Investments: publicly traded securities

  beginning of year $14,693,173 · end of year $23,532,439

• 15 · Other assets

  beginning of year $359,193 · end of year $785,962

• 17 · Accounts payable and accrued expenses

  beginning of year $3,621,798 · end of year $6,577,103

• 19 · Deferred revenue

  end of year $800

• 21 · Escrow or custodial account liability

  beginning of year $74,070 · end of year $72,478

• 23 · Secured mortgages and notes payable

  beginning of year $67,190,540 · end of year $62,805,316

• 25 · Other liabilities

  beginning of year $20,000 · end of year $433,534

• 27 · Net assets without donor restrictions

  beginning of year $34,795,408 · end of year $42,308,872

The filer's explanations (Part III)

Part I, Line 1a

Dr. Yolanda Newton, Dr. Trevor Thorpe, and Dr. Kathryn Kovar received residence for personal use at no cost or below fair market value. These amounts have not been included in their W2 taxable income.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• McKenzie County Healthcare Systems Properties

  C · Property Management · ND · 100% owned · share of income $39,700 · share of assets $386,566 · controlled entity

  Directly controlled by McKenzie County Healthcare Systems Inc